Caesars owns or manages more than 50 casinos, most of them in the U.S. and Britain.

The company saw casino revenues decline by $116.8 million, or 7.5 percent. CEO Gary Loveman said food and beverage sales may ultimately replace those dollars.

Caesars said that its net loss for the three months ended June 30 shrank 12 percent, to $212.2 million, or $1.69 per share, from $241.7 million, or $1.93 a share, last year. Revenue edged down to $2.16 billion.

Analysts had expected a smaller loss of $1.40 per share on higher revenue of $2.18 billion, according to FactSet.